Forex
Created on October 04, 2026 Gold The gold market has fallen during the trading week as we continue to see a lot of interest rate pressure coming out of the United States. With interest rates continuing to climb, it is difficult for gold to simply take off. We are sitting at a major uptrend line…
Fundamental Backdrop and Market Sentiment I wrote on 27th September that the best trades for the week would be: Long of the S&P 500 Index following a daily close above 7803. This did not set up. Short of the EUR/USD currency pair following a daily close below 1.1358. This set up on Tuesday and gave…
EUR/AUD’s sharp reversal last week and break of 1.6163 support suggests that rebound from 1.6072 has completed as a corrective move at 1.6334. Initial bias is back on the downside this week for retesting 1.6072 first. Firm break there will resume larger down trend from 1.8554. In the bigger picture, as long as 1.6617 resistance…
USD/CAD’s rise from 1.3730 continued last week and breached 1.4247 high. Initial bias remains on the upside this week. Sustained trading above 1.4247 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at 1.4497. Nevertheless, considering bearish divergence condition in 4H MACD, break of 1.4153 support will indicate short term topping, and turn bias…
USD/JPY engaged in sideway trading below 159.02 last week. Initial bias remains neutral this week first. On the upside, above 159.02 will resume the rebound from 152.87 to 160.38 key structural resistance next. Nevertheless, break of 156.36 will bring deeper fall back to 152.87 support instead. In the bigger picture, price action from 163.97 medium…
TL;DR: September’s soft NFP report pushed the probability of an October Fed pause to 77.9%, but Treasury yields and Dollar Index both reversed higher by Friday’s close as markets judged the data wasn’t enough to resolve the bigger inflation risk—a risk Brent crude’s hold above $100, despite a coordinated G7 reserve release, helped confirm is…
Anthropic is eyeing a historic public debut, targeting a formal roadshow and marketing kickoff as early as the week of November 9, Written by: Olumide Adesina • Saturday, October 3, 2026 • 1 min read • Last updated: Saturday, October 3, 2026 Add an article to your Reading List Register now to be able to…
xrp-usd Evernorth’s crypto public market debut is scheduled to begin trading on Nasdaq under the ticker XRPN on October 8, 2026. Written by: Olumide Adesina • Saturday, October 3, 2026 • 1 min read • Last updated: Saturday, October 3, 2026 Add an article to your Reading List Register now to be able to add…
EUR/GBP’s extended decline last week suggests that rebound from 0.8453 has already completed as a corrective move at 0.8611. Initial bias stays on the downside this week for retesting 0.8453 low and then 61.8% projection of 0.8728 to 0.8453 from 0.8611 at 0.8441. Firm break there will target 100% projection at 0.8336. On the upside,…
Created on October 02, 2026 The Canadian economy has been doing much worse than the U.S. economy, and with the jobs number coming out on Friday, we will have some type of read on America beyond what we’ve had this week. This week, we had PCE a little lower and growth a little higher, yet…